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Baltimore-Based JMI Equity Invests in WhiteHat Security

02/06/2013

JMI Equity, a Baltimore-based investment firm focused on the software, Internet, business services and healthcare IT markets, said it has made a new investment in Silicon Valley-based web security technology firm WhiteHat Security, as part of that company's new $31 million round of funding. Previous backer Investor Growth Capital (IGC) also participated in the round, which the company will use to expand into new global markets as well as broaden its market share with enterprise and SME [small-medium] customers. Founded in 2001, WhiteHat secures the web apps of several major brands encompassing more than one billion customer accounts.